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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 2 - Defense Acquisition Regulations System, Department of Defense |
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SubChapter E - General Contracting Requirements |
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Part 232 - Contract Financing |
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Subpart 232.7 - Contract Funding |
§ 232.703-3 - Contracts crossing fiscal years.
Latest version.
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232.703-3 Contracts crossing fiscal years.
(b) The contracting officer may enter into a contract, exercise an option, or place an order under a contract for severable services for a period that begins in one fiscal year and ends in the next fiscal year if the period of the contract awarded, option exercised, or order placed does not exceed 1 year (10 U.S.C. 2410a3133).
[64 FR 28110, May 25, 1999, as amended at 87 FR 76995, Dec. 16, 2022]